{"id":487,"date":"2023-02-23T21:25:57","date_gmt":"2023-02-23T21:25:57","guid":{"rendered":"https:\/\/www.autobuyersmarket.com\/news\/?p=487"},"modified":"2025-05-05T10:24:47","modified_gmt":"2025-05-05T10:24:47","slug":"slew-of-classic-vehicles-from-late-collectors-estate-being-auctioned-off-at-no-reserve","status":"publish","type":"post","link":"https:\/\/www.autobuyersmarket.com\/news\/2023\/02\/23\/slew-of-classic-vehicles-from-late-collectors-estate-being-auctioned-off-at-no-reserve\/","title":{"rendered":"Slew of Classic’s from Late Collector\u2019s Estate Being Auctioned Off At \u201cNo Reserve\u201d"},"content":{"rendered":"\n
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A slew of classic and rare cars from late businessman Mark Smith will be sold without reserve. Image by Mike Maez; Gooding & Company.<\/figcaption><\/figure>\n\n\n\n

SANTA MONICA, CA – For automotive enthusiasts who are looking to score their potential holy grails, a slew of classic and rare cars from a late collector\u2019s vast estate are being auctioned off to the highest bidder<\/a>\u00a0without any reserves being set.\u00a0<\/p>\n\n\n\n

Mark Smith \u2013 the owner of Smith Automobile Investments who passed away in 2021 at the game of 69 \u2013 will have his personal collection of 87 cars auctioned off by classic car auction house Gooding & Co. in Lynchburg, Virginia this April. <\/p>\n\n\n\n

Smith\u2019s collection is comprised of numerous rare and important vehicles, and is large enough that he had actually purchased several buildings in downtown Lynchburg to house them; among these buildings was a former Chrysler dealership that he converted into his own Midland Motors Museum, where the auction this April will be taking place. <\/p>\n\n\n\n

David Gooding, president and founder of Gooding & Co., said that Smith\u2019s collection going up for auction is a significant boon to automotive collectors the world over. <\/p>\n\n\n\n

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A brilliant and refined collector, Mark put together an incredible and varied collection of primarily unrestored prewar American and European treasures, which he often acquired after years of research and persistence,\u201d Gooding said in a statement. <\/em><\/p>\n<\/blockquote>\n\n\n\n

Among the vehicles being offered are a 1934 Mercedes-Benz 500 K Offener Tourenwagen valued between $1.25 million and $1.75 million; a 1932 Chrysler CG Imperial Custom Roadster, worth between $800,000 and $1.2 million; a 1907 Ford Model K Touring, valued between $175,000 and $250,000; and a 1924 Ford Model T Speedster, with an estimate between $60,000 and $80,000. <\/p>\n\n\n\n

The live auction will take place on April 7 at Midland Motors Museum, and the vehicles will not have any reserves; in addition to in-person bidding, interested parties can also bid online or by phone as well. <\/p>\n","protected":false},"excerpt":{"rendered":"

SANTA MONICA, CA – For automotive enthusiasts who are looking to score their potential holy grails, a slew of classic and rare cars from a late collector\u2019s vast estate are being auctioned off to the highest bidder\u00a0without any reserves being set.\u00a0 Mark Smith \u2013 the owner of Smith Automobile Investments who passed away in 2021 […]<\/p>\n","protected":false},"author":4,"featured_media":488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-487","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-updates","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\n\t\t\n